Grayscale Bitcoin Trust (NYSEARCA:GBTC) is One Charles Private Wealth Services LLC’s 3rd Largest Position

One Charles Private Wealth Services LLC lowered its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 294,713 shares of the company’s stock after selling 4,502 shares during the quarter. Grayscale Bitcoin Trust accounts for 7.3% of One Charles Private Wealth Services LLC’s investment portfolio, making the stock its 3rd biggest position. One Charles Private Wealth Services LLC owned 0.06% of Grayscale Bitcoin Trust worth $21,815,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Wealth Quarterback LLC purchased a new stake in Grayscale Bitcoin Trust in the fourth quarter worth approximately $215,000. RFG Advisory LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $262,000. Arkadios Wealth Advisors purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $245,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $692,000. Finally, Mutual Advisors LLC raised its position in Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after purchasing an additional 146 shares during the period.

Grayscale Bitcoin Trust Stock Down 1.6 %

NYSEARCA GBTC opened at $66.50 on Friday. The company has a 50-day simple moving average of $74.42 and a two-hundred day simple moving average of $66.93. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

Grayscale Bitcoin Trust Profile

The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC was launched on Jan 11, 2024 and is issued by Grayscale.